Top News
HUD Lenders Originated $5.63Bln of Multifamily, Healthcare Loans in Latest Quarter
Lenders originated $5.63 billion of loans under various U.S. Department of Housing and Urban Development multifamily and healthcare programs during the agency's third fiscal quarter.
Nuveen Pays $170.35Mln for 2 Industrial Buildings in Glendale, Ariz.
Commercial Real Estate Direct Staff Report An affiliate of Nuveen Real Estate has paid $170.35 million for a pair of industrial properties with 1.11 million square feet within the Park303 complex in Glendale, Ariz. The New York investment manager paid...
Truist Lends $277Mln for Construction of 69-Story Apartment Building in Jersey City, N.J.
Commercial Observer A venture of Rockpoint and Urby has lined up $277 million of construction financing for 201 Hudson - by Urby, a 748-unit apartment project in Jersey City, N.J. Truist provided the loan, which was arranged by Newmark. The...
KeyBank Expands Office Lease at 1301 Avenue of the Americas in Manhattan
Commercial Observer KeyBank has renewed and expanded its office lease at 1301 Avenue of the Americas in Manhattan to 112,924 square feet. As part of its 15-year lease, the bank will now occupy the entire 35th, 36th, and 37th floors,...
Law Firm Signs 107,227-SF Office Lease in Washington, D.C.
Washington Business Journal Sheppard has preleased 107,227 square feet of office space at 2033 K St. NW in Washington, D.C. The law firm will occupy floors six through the penthouse at the eight-story property. Its lease is for 15 years....
106-Unit Apartment Property in Seattle Sells for $32.25Mln
Freestone Capital has paid $32.25 million, or $304,245/unit, for Aperture on Fifth, a 106-unit apartment property in downtown Seattle. The local wealth manager, which invests in real estate through its Freestone LP Real Estate Fund, acquired the property from...
Work Starts on 150-Unit Apartment Property in Columbus, Ohio
Multi-Housing News The NRP Group has broken ground on Stone Ridge at High Street, a 150-unit apartment property in Columbus, Ohio. The Cleveland developer is constructing the property at 45 West Barthman Ave., about three miles south of downtown...
Big CMBS Loan Against Maryland Mall Gets Paid Off at Par
Commercial Real Estate Direct Staff Report The $328.73 million CMBS loan against the Westfield Montgomery Mall in the Washington, D.C., suburb of Bethesda, Md., has been paid off. The loan was securitized through WFLD Mortgage Trust, 2014-MONT, and initially...
Lab, Office Space in Cambridge, Mass., Sold for $45Mln
Boston Business Journal Draper Labs has paid $45 million, or $428.57/sf, for 105,000 square feet of laboratory and office space at 1 Hampshire St. in Cambridge, Mass. Alexandria Real Estate Equities, a Pasadena, Calif., REIT, was the seller. The...
Phila.-Area Mixed-Use Development Comes to Sales Market; $200Mln Asking Price
Philadelphia Business Journal MLP Ventures and Lubert-Adler Real Estate Partners are offering for sale the Uptown Worthington mixed-use development in the Philadelphia suburb of Malvern, Pa. JLL has been tapped to market the property, at 455 Carnegie Blvd., which...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
